Constituent dispersion · breadth vs the index
XLE — Energy Select Sector
Divergence over time — price vs breadth, by horizon
The hero read is the 1-month picture; here the same price↔breadth divergence across 1 week / 1 month / 1 quarter, computed over the 126-session history. A/D /name is net advancers-minus-decliners per covered constituent; % beating Δ and median−ETF Δ show how participation shifted. Price rising while those fall = the move is narrowing under the surface.
| Horizon | Price | A/D /name | % beating Δ | Median−ETF Δ | Read |
|---|---|---|---|---|---|
| 1 week | -3.44% | -1.76 | +0pp | +0.10pp | Confirming ↓ |
| 1 month | +4.89% | +0.9 | -4pp | -1.14pp | Confirming ↑ |
| 1 quarter | -3.18% | -2.38 | -9pp | -1.59pp | Confirming ↓ |
Over the last 126 sessions: price up +12.02%, breadth up (+6.86/name) · % beating 38→48 · median−ETF -2.71pp→-0.54pp.
Stocks above their moving average — participation breadth
Of the 21 covered constituents, the share trading above each simple moving average — the classic breadth gauge. A firm index price with a low %-above-MA is a narrow, top-heavy tape. As of 2026-08-07.
New highs & new lows — by horizon
How many of the 21 covered constituents closed today at a new high (or low) over each window, and the net. A shrinking net as the index holds up = fewer names leading.
| Horizon | New highs | New lows | Net |
|---|---|---|---|
| 5-Day | 1 (5%) | 6 (29%) | -5 |
| 1-Month | 1 (5%) | 4 (19%) | -3 |
| 3-Month | 0 (0%) | 2 (10%) | -2 |
| 6-Month | 0 (0%) | 1 (5%) | -1 |
| 52-Week | 0 (0%) | 0 (0%) | +0 |
| YTD | 0 (0%) | 0 (0%) | +0 |
Dispersion by window
| Window | ETF | Median | Median − ETF | Up / Down | Beat / Lag | ±1% band | Dispersion |
|---|---|---|---|---|---|---|---|
| 1d | -1.13% | -1.16% | -0.03pp | 4 / 17 | 10 / 11 | 15 of 21 | ±1.59% |
| 5d | -3.44% | -3.24% | +0.20pp | 3 / 18 | 11 / 10 | 4 of 21 | ±3.91% |
| 21d | +4.89% | +4.35% | -0.54pp | 15 / 6 | 10 / 11 | 2 of 21 | ±6.81% |
| YTD | +29.45% | +26.62% | -2.83pp | 19 / 2 | 9 / 12 | 0 of 21 | ±24.41% |
Median − ETF below zero means the typical name is lagging the cap-weighted index — the move is top-heavy. "Beat" counts constituents outperforming the ETF over the window. Dispersion is the cross-sectional standard deviation of constituent returns — high = a stock-picker's tape, low = pure beta.
What drove the move — contribution = weight × return
Today (1d)
- COP+0.73%+0.05pp
- APA+3.01%+0.02pp
- EXE+0.96%+0.01pp
- EQT+0.17%+0pp
- XOM-1.16%-0.26pp
- CVX-1.41%-0.24pp
- TRGP-4.24%-0.14pp
- SLB-1.96%-0.09pp
- WMB-1.90%-0.08pp
This month (21d)
- XOM+11.33%+2.49pp
- CVX+7.19%+1.2pp
- COP+8.88%+0.61pp
- SLB+6.96%+0.33pp
- PSX+7.42%+0.3pp
- WMB-6.69%-0.29pp
- TRGP-5.92%-0.2pp
- KMI-4.78%-0.17pp
- TPL-12.83%-0.16pp
- HAL-6.54%-0.12pp
Each name's contribution = its index weight × its return — the percentage points it added to (green) or subtracted from (red) the ETF's move. Computed across covered names.
Leaders & laggards (21-day)
- APA+13.04%
- XOM+11.33%
- COP+8.88%
- BKR+7.60%
- PSX+7.42%
- TPL-12.83%
- WMB-6.69%
- HAL-6.54%
- TRGP-5.92%
- KMI-4.78%
XLE — constituent leadership race
$100 in each covered XLE constituent at 2025-12-24, rebased to 100. Watch leadership change hands.
Each covered constituent started at $100 at the window open; the bars race by total return (top 12 shown). Decision-support, not investment advice.
Constituents — 21 covered · click a column to sort
| Symbol | Weight | Last | 1d | 5d | 21d | YTD | RS rank |
|---|---|---|---|---|---|---|---|
| XOM Exxon Mobil Corp | 21.95% | 153.04 | -1.16% | -1.54% | +11.33% | +28.02% | 90 |
| CVX Chevron Corp | 16.71% | 186.56 | -1.41% | -5.22% | +7.19% | +23.60% | 71 |
| COP Conocophillips | 6.82% | 117.61 | +0.73% | -2.38% | +8.88% | +26.62% | 86 |
| SLB Slb Limited | 4.74% | 50.53 | -1.96% | +1.90% | +6.96% | +32.43% | 67 |
| VLO Valero Energy Corp | 4.45% | 298.31 | -1.54% | -4.66% | +6.07% | +85.25% | 57 |
| MPC Marathon Petroleum Corp | 4.39% | 298.20 | -0.35% | -5.77% | +5.26% | +84.28% | 52 |
| WMB Williams Companies | 4.29% | 70.40 | -1.90% | -1.59% | -6.69% | +17.96% | 5 |
| EOG Eog Resources | 4.18% | 134.74 | -1.07% | -9.38% | +1.65% | +30.54% | 29 |
| PSX Phillips 66 | 4.08% | 203.91 | -0.78% | -3.67% | +7.42% | +59.32% | 76 |
| KMI Kinder Morgan Inc | 3.53% | 30.85 | -1.37% | -3.24% | -4.78% | +14.36% | 19 |
| BKR Baker Hughes Company | 3.52% | 61.55 | -1.55% | +2.13% | +7.60% | +36.12% | 81 |
| TRGP Targa Resources | 3.30% | 256.87 | -4.24% | -4.99% | -5.92% | +40.62% | 14 |
| OKE Oneok Inc | 3.22% | 86.42 | -1.72% | -3.70% | -3.44% | +20.62% | 24 |
| DVN Devon Energy Corp | 2.92% | 42.98 | -0.30% | -4.76% | +2.28% | +17.95% | 33 |
| OXY Occidental Petroleum | 2.29% | 55.91 | -0.23% | -2.03% | +6.90% | +36.61% | 62 |
| FANG Diamondback Energy | 2.10% | 188.04 | -0.84% | -7.35% | +3.32% | +25.83% | 43 |
| HAL Halliburton Company | 1.87% | 31.89 | -1.91% | -1.12% | -6.54% | +13.87% | 10 |
| EQT Eqt Corp | 1.83% | 51.69 | +0.17% | -2.70% | +3.07% | -3.02% | 38 |
| TPL Texas Pacific Land Trust | 1.24% | 340.65 | -4.21% | -15.38% | -12.83% | +18.92% | 0 |
| EXE Expand Energy Corporation | 1.19% | 92.84 | +0.96% | -1.27% | +4.35% | -14.90% | 48 |
| APA Apa Corp | 0.74% | 37.63 | +3.01% | +0.83% | +13.04% | +56.35% | 95 |
RS rank = the constituent's 21-day return percentile within the index (100 = strongest of the covered names). Weight is the index weight; returns use adjusted closes. Default sort: weight.
Other ETFs & indices
Dispersion is computed across the constituents we cover in our data lake (see coverage badge). Decision-support, not investment advice.